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Fintech / Regtech
SFC Chief Calls for Strong AI Governance at Licensed Firms
By Ranamita Chakraborty | 06/06/2023
The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.

Enforcement
ASX Releases Reports on CHESS System to ASIC, RBA
By Sanday Chongo Kabange | 06/06/2023
ASX to keep CHESS operational until at least 2032. ASIC said it is prepared to take regulatory action to ensure ASX complies with its regulatory obligations.

Securities / Derivatives
Changes to Position Limit Regime to Take Effect in December: SFC
By Manesh Samtani | 06/06/2023
Asset managers will have primary responsibility for position limit compliance and reporting obligations at the individual fund or sub-fund level.

ESG / Sustainability
Bursa Malaysia Names and Shames Listed Companies With All-Male Boards
By Ranamita Chakraborty | 06/06/2023
Bursa Malaysia warns that it will take regulatory action against companies that fail to comply with the diversity requirement.

ESG / Sustainability
Japan’s FSA to Issue First Guidelines on Impact Investing
By Mark Johnston | 06/06/2023
The guidelines will define novelty, effect, profitability, and disclosure as key requirements for impact investing.

Market Infrastructure
Philippine SEC Approves Plans to Introduce Short Selling – Report
By Sanday Chongo Kabange | 06/06/2023
The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.

ESG / Sustainability
SET Amends Listing Rules to Expand Access to Capital Market
By Sanday Chongo Kabange | 06/06/2023
The rule change relaxes earlier limitations that only allowed BCG (Bio-Circular-Green) companies promoted by the government to tap into the capital market.

Market Infrastructure
Cboe Launches “First-of-its-kind” Global Listing Network
By Editors | 05/06/2023
Stocks that are “intralisted” on Cboe’s US and Canada exchanges will be available for trading in the Netherlands and the UK, with Australia to follow.

Enforcement
FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches
By Editors | 05/06/2023
The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.

Securities / Derivatives
CFTC Proposes Rule Update to Account for Crypto and Cyber Risks
By Editors | 05/06/2023
The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.
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